Global Electrification: Multinational Enterprise and International Finance in the History of Light and Power, 1878-2007

Global Electrification: Multinational Enterprise and International Finance in the History of Light and Power, 1878-2007

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Overview

This book examines how multinational enterprises and international finance influenced the course of electrification around the world. Multinational enterprises played a crucial role in the spread of electric light and power from the 1870s through the first three decades of the twentieth century. Their role did not persist, as over time they exited through “domestication” (buy-outs, confiscations, or other withdrawals), so that by 1978 multinational enterprises in this sector had all but disappeared, replaced by electrical utility providers with national business structures. Yet, in recent years, there has been a vigorous revival. This book, a unique cooperative effort by the three authors and a group of experts from many countries, offers a fresh analysis of the history of multinational enterprise, taking an integrative approach, not simply comparing national electrification experiences, but supplying a truly global account.

Product Details

ISBN-13: 9780521299008
Publisher: Cambridge University Press
Publication date: 06/30/2011
Series: Cambridge Studies in the Emergence of Global Enterprise
Pages: 512
Product dimensions: 6.00(w) x 9.00(h) x 1.40(d)

Table of Contents

Part I. Concepts: 1. Invention and spread of electrical utilities with a measure of the extent of foreign ownership; 2. Multinational enterprise and international finance; Part II. Changes: 3. Every city, 1880–1914; 4. War, the first nationalization, restructuring, and renewal, 1914–29; 5. Basic infrastructure, 1929–45; Part III. Conclusions: 6. Summary of the domestication pattern to 1978; 7. Coming full circle, 1978–2007, and a global perspective.

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